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We want to know, which bookies
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What is a surebet ?
Sure Bets, Sports Betting Arbitrage, Scalping and Arb Trading - all refer to the one thing,
the idea of making a guaranteed profit from a difference in odds between sportsbooks.
Normally, backing all outcomes of a single sporting event at a single bookmaker would result
in you guaranteeing a loss of a few percent – this is the bookmaker’s margin. However,
if we take the best competing odds from different bookmakers, it is possible to make
it so that guaranteed loss turns into a guaranteed profit. By betting on those high odds so
that your winnings are the same no matter what the outcome, you are arbing.
Examples are the easiest way to clarify exactly what that means, so just consider a tennis event
where you can bet $100 on each player at odds of 2.05 at two competing bookmakers.
Altogether you outlay $200 ($100 at each bookmaker), but if either bet wins you receive $100 x 2.05 = $205.
With a $200 outlay, that is a $5 profit no matter what which player wins.
Another example:
Pinnacle Sports has odds of 1.10 on Team A and 8.00 on Team B
Canbet has odds of 1.20 on Team A and 5.00 on Team B
In order to help you understand exactly how arbitrage works, the following list shows you what
needs to be wagered to win $1000 from the odds offered on this game:
Pinnacle Sports
1. $909.10 on 1.10 wins $1000
2. $125.00 on 8.00 wins $1000
Canbet
3. $833.35 on 1.20 wins $1000
4. $200.00 on 5.00 wins $1000
Looking at those numbers you can clearly see that backing both possible outcomes at
Pinnacle will cost you $1034.10 and you will only win $1000, hence costing you $34.10.
Backing both sides at Canbet will cost you $1033.35 and you will still only win $1000,
hence costing you $33.50. So clearly both Pinnacle and Canbet have set their odds well,
they will make a profit no matter who wins.
However, if you backed the underdog at Pinnacle (8.00) and the favorite at Canbet (1.20)
you would be placing only $958.35 in order to win $1,000. That is a guaranteed profit of $41.65
because you are using the difference in each bookmakers pricing. No matter who wins,
you will win $1,000, and you will have only outlaid $958.35.
Arbitrage trading is as simple as that. In practice, it involves comparing the odds of numerous
bookmakers to find the best odds on offer, then seeing if those odds create a profitable
return or not. If they do – place the bets and wait for the match to play out to claim your profit.
Source: http://www.sportsarbitrageguide.com
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